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20130212
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about the debt ceiling and fiscal cliff. earnings are going appended is helping why valuations are good. gerri: consumer health care? >> i like financial sleight of people said they will not repeat two years in a robe and they are. these stocks can go higher because they have tremendous earnings power and they own portfolios that are pushed up in the market. a good place to be. gerri: we will hold you to that. thank you for coming on. we appreciate your time. we will be back after this.ryisf . ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. today is gonna be an gimportant day for us. you ready? we w wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. did you know not all fiber is the same? citrucel is different- it's the
, the president has been in the middle of debates regarding the fiscal cliff. the debt ceiling gun control and immigration reform. all the hot topics will likely make it into the president's remarks but the focal . from the beginning will be -- point from the again will be the economy and job creation in the u.s. unemployment rate climbed back up to 7.9% and monthly job creation remains modest as millions of americans still look for work. >> the economy will be central to the speech and how we grow the economy so ive can participate. -- so everybody can par test pay the a fair shot and pay your fair share. >> on gun control the white house invited a number of gun violence survivors to the chambers as the president will likely recommit to swift and sweeping action on gun regulation among those attending is the family of hadiya pendleton the family of the teen who was gunned down at a park in chicago. you can follow us throughout the day on twitter to get updates on the president's speech. what he has to say and the comments about that address. following the remarks which will be seen on abc
, that would happen with the debt ceiling but that wouldn't happen with the fiscal cliff, would it, michael? >> well, you never know. i'm not going to take the position other than people i've talked to, but a lot of them said hey you know, i'm worried about this because the economy is very fragile. when you start pulling defense spending and other things out of that economy who really knows? now. >> cenk: no, no, i would take that chance in a second. you're telling me i'm going to continue this bloated defense spending for the rest of time because it might hurt the economy? what about spending on the poor and middle class. nobody is concerned about that when we pull that out. oh that's fine. that wouldn't hurt the economy. that makes no sense. i'm afraid it's a lot of conservative framing and the president has bought into a lot of it, that even the tougher president obama is not that much of a progressive to begin with. >> well, i think the fascinating thing when you watch the program is the extent whatever they believe and wherever that is coming from and whatever the policies are the pers
the fiscal cliff, december 31, we have the upcoming concern over the debt ceiling, the continuing resolution and so forth. it seems like we've been lurching from budget crisis to budget crisis. is there any way of majoring that or do you make an attempt to major the impact on decisions made within the economy and perhaps within your models regarding investments and so forth that might drive economic outcomes? >> senator, we do think that the ongoing uncertainty about federal budget policy represents a drag on spending and thus on incomes and jobs. but we don't know how to quantify that effect. there is economic research. we've had some of this presented at our meetings of our panel of economic advisors that tries to -- starting to build some evidence about the effects that policy uncertainty on the economy have. but that's, i would say, still in a preliminary stage. we don't know how important those effects are. we think the primary source of uncertainty that's holding back household spending and business investment and hiring is uncertainty about the income the households will have and dema
of the other issues like the debt ceiling which is going to come up quickly in the new year and has been postponed to may 19. we also have a sequestration that was postponed for two months and that is coming back at the end of february. we govern by c.r., we have a continuing resolution debate coming up on or before the 27th of march. we have spread these crisis out over the first half of the year. that is difficult for the economy to manipulate. as we started to see fundamental improvement else, where we will see refocusing on the inability of our government to come to terms with its spending, taxes, and debt and deficits. that will continually, i believe, rival markets and call into question the optimistic factors we're seeing. i would like to call the panel up here. we're going to start going through -- we're going to do john first -- excuse me. we're going to do frank first on the housing then john then bob. we will try to keep everything on schedule and get out of here at 10:30. thank you >> thank you, marty. i want to thank the foundation for hosting the event here today and inviti
Search Results 0 to 4 of about 5

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